Quote:
Originally Posted by MrBaldBastard
So?... 75% of Australians, Americans, British, Germans and every population on the planets wealth is real estate connected.... To the vast majority its the single biggest investment they make.
China is basically the only country lending the USA money to keep it afloat, China is the USA's biggest trading partner, More trade with China imperative if American big businesses want to grow. However it doesn't matter a fuck what deals you have with China, what matters is.. do the Chinese want to buy your product.
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The Chinese as a whole have 75% of their money invested in real estate... As opposed to the US roughly 20%... As in most of their eggs are in 1 basket.
China's '08 is on the brink...And it will be DISASTROUS.
The government's been propping up the market by buying up the inventory.. There's an estimated 100+ million unoccupied homes/flats NOT including the government inventory.. The government funded program is set to end in 2020.. People/developers are already having to slash prices this past year... Why? Because the government is taking people who might buy those homes and placing them in the now government owned ones.... Communism/socialism doing what it does best.. Killing productivity and the only real market the people have left..
Quote:
Originally Posted by thommy
I would not wish a chinese crash if I would be you.
A crash in china is a crash for the whole world economy. and like MrBaldBastard wrote correctly china is not only the biggest trading partner of the US it is also the biggest creditor.
i will never understand that people whose prosperity depends on export can assume that it is good when buyers and lenders are broke. seems to be a big black hole in the education system you guys went through.
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It's not a wish. It's reality. Welcome to it.